1 bed flat

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1 bed flat

Barley Field, Preston PR5
£50,000

Price History

Initial price £60,000
13/02/25 £58,000
05/03/25 £55,000
14/03/25 £53,000
22/03/25 £51,000
28/03/25 £55,000
05/04/25 £53,000
11/04/25 £51,000
17/04/25 £55,000
23/04/25 £53,000
21/05/25 £50,000
Price Change -16.67%

Description

This studio flat in Preston offers a fantastic investment opportunity for those looking to expand their portfolio. The well-maintained property features a lounge/bedroom, three-piece bathroom, kitchen, dressing area, and allocated parking, and is currently producing an annual gross income of £5,400. With the potential to increase the rent to a market rate of £7,500, this property has the potential to provide a worthwhile return on investment. The current tenants have been consistent in their rent payments and have no intention of moving out, making for a smooth transition for the new owner. With the property in good condition and a tenant already in place, this is a great opportunity for investors to add to their portfolio.